FRN Variable Rate Fix

Barclays Bank PLC
                  

                            RATE FIX NOTICE

Issue Name:                Barclays Bank Plc Series 138
                           AUD 150,000,000 Subordinated FRN Due 2013
ISIN Code:                 XS0175471944
Interest Rate:             5.905000%
Base Rate:                 5.435000%
Interest Period:           04-Dec-03 to 04-Mar-04
Day Count Method:          Actual/365 (Fixed)
Number of Days in Period:  91
Payment Date:              04-Mar-04
Denomination:              Coupon:
100,000.00                 AUD 1,472.21
10,000.00                  AUD 147.22
1,000.00                   AUD 14.72